ChargePoint Holdings Inc. (CHPT) PT Lowered to $9 at Needham & Company, Remains Bullish

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Go back to ChargePoint Holdings Inc. (CHPT) PT Lowered to $9 at Needham & Company, Remains Bullish

ChargePoint Reports Second Quarter Fiscal Year 2024 Financial Results

September 6, 2023 4:10 PM EDT

Second quarter fiscal 2024 revenue of $150 million, representing 39% year-over-year growth GAAP gross margin of 1% and non-GAAP gross margin of 3%, reflecting 19 percentage point margin impact from inventory impairment charge Reduction of estimated $30 million in annualized operating expenses Third quarter fiscal 2024 revenue guidance of $150 - $165 million, and annual revenue guidance of $605 - $630 million Company reaffirms plan to achieve positive non-GAAP Adjusted EBITDA in the fourth quarter of calendar year 2024

CAMPBELL, Calif.--(BUSINESS... More